i-CABLE ties new HK$36 million performance bond to major shareholder’s stake

i-CABLE Communications ( (HK:1097) ) has issued an update.

i-CABLE Communications has secured a bank-issued performance bond facility of up to HK$36 million in favour of a counterparty, with a maximum tenor of five years and a review by the lender no later than 31 August 2026. The arrangement strengthens the company’s capacity to meet contractual obligations while subjecting the facility to ongoing lender review and potential suspension or withdrawal.

i-CABLE is required under the facility to ensure that its largest shareholder, Forever Top (Asia) Limited, maintains at least a 35% direct ownership stake for as long as any amount remains outstanding. This shareholder covenant, with Forever Top currently holding about 43.22%, effectively ties the group’s capital structure and control stability to its financing terms and will be disclosed in future interim and annual reports in line with Hong Kong listing rules.

The most recent analyst rating on (HK:1097) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on i-CABLE Communications stock, see the HK:1097 Stock Forecast page.

More about i-CABLE Communications

i-CABLE Communications Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong, operating in the communications and media sector. The group provides cable TV, broadband and related telecommunications and content services, primarily serving residential and corporate customers in Hong Kong’s highly competitive pay-TV and connectivity market.

YTD Price Performance: -46.90%

Average Trading Volume: 8,951,687

Technical Sentiment Signal: Sell

Current Market Cap: HK$428.1M

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